Fanlong Zeng

Exploring the spatiotemporal evolution of investment layouts of new energy vehicle (NEV) enterprises is important for understanding NEV industrial chains and their spatial organization. Taking BYD as a case study, this study adopts an industrial chain perspective and integrates Sankey diagrams with spatial analysis methods to examine the evolution of BYD’s investment layout from 2015 to 2025. The results reveal that (1) the number of subsidiaries invested by BYD increased dramatically from fewer than 50 in 2015 to 737 in 2025, with 2021–2025 representing the most rapid expansion period. BYD gradually developed an industrial chain structure characterized by the numerical dominance of sales-related enterprises, while capital investment remained concentrated in manufacturing segments. (2) During 2021–2025, BYD’s investment layout exhibited a northeast–southwest spatial orientation, with the investment center continuously shifting northeastward. The spatial distribution evolved from a dispersed pattern toward stable aggregation along the principal axis. (3) By 2025, BYD’s investment layout had become relatively stable, although significant differences existed among industrial chain segments. The Market and Sales (M&S) segment exhibited the widest spatial coverage. The Vehicle Manufacturing and Rail Transit (VM&RT) segment demonstrated a dual-core pattern dominated by the Pearl River Delta (PRD) and Xi’an, Shaanxi Province. The Battery and Materials (B&M) segment presented a polycentric balanced pattern, with three primary cores located in the PRD, Guangxi, and Chongqing, accompanied by multiple secondary cores including Zhejiang and Anhui. In contrast, both the Components and Semiconductors (C&S) and Services and Finance (S&F) segments exhibited a single-core pattern dominated by the PRD. (4) Significant differences existed in the intensity of spatial dependence among BYD’s industrial chain segments. The spatial distributions of the entire industrial chain and the M&S segment both exhibited significant positive spatial autocorrelation, with highly consistent clustering patterns. Although the VM&RT segment did not pass the significance test, small-scale High–High clustering patterns were still observed locally. These findings provide empirical evidence for understanding the spatial organization of the NEV industry and BYD’s investment expansion.

Power battery enterprises are a key link in the new energy vehicle (NEV) industry chain. However, studies analyzing the investment layout of power battery enterprises from a micro perspective are relatively scarce. This study takes Contemporary Amperex Technology Co. Limited (CATL) as a case and employs various spatial analysis methods and an optimal parameter-based geographical detector (OPGD) to analyze the spatiotemporal evolution and driving mechanisms of its investment layout from 2020 to 2024. The results indicate that CATL’s investment center has shifted from Jiangxi to Hubei, and the spatial expansion axis has changed from a northwest–southeast to a southwest–northeast direction. The investment layout has evolved from a “one core with two secondary cores” structure to a “provincial dual core, multi-core outside the province” structure and, ultimately, to a nationwide networked pattern. By 2024, CATL’s investment network covered the southeastern coast, the Yangtze River Delta (YRD), the Pearl River Delta (PRD), central China, and southwestern regions. County-level spatial autocorrelation analysis shows that the investment agglomeration effect has continuously strengthened (with the global Moran’s I increasing from 0.006 to 0.025). High–high agglomeration areas gradually expanded from the southeastern coast to Xiamen and several provinces in central and western China, while high–low agglomeration areas, as early signals of investment diffusion, initially expanded and then contracted. The driving mechanism analysis reveals that fiscal support (q = 0.668), industrial structure upgrading (q = 0.585), tax burden (q = 0.543), and economic development (q = 0.536) are the primary factors driving investment layout, with significant synergistic effects between these factors. The synergy between industrial structure upgrading and clean energy supply stands out as particularly prominent. These findings contribute to optimizing the spatial layout of the NEV industry and promoting regional economic development.

Exploring the regional disparities in and spatiotemporal evolution of the new energy vehicle promotion level (NEVPL) is essential for facilitating low-carbon and environmentally sustainable development. This study employs a multidimensional index system to assess the NEVPL across 31 Chinese provinces from 2017 to 2023, utilizing data on NEV ownership, annual NEV sales, the number of public charging piles, and the vehicle-to-pile ratio. The NEVPL scores were estimated using the Entropy-TOPSIS method. Spatial patterns and the mechanisms of regional disparities were examined using a suite of spatial analytical techniques, including the standard deviation ellipse (SDE), gravity center analysis, Dagum Gini coefficient decomposition, and kernel density estimation. The results reveal three principal findings. First, NEVPL exhibited a sustained upward trend nationwide. The eastern region consistently maintained a leading position, the central and western regions demonstrated steady growth, and the northeastern region remained underdeveloped, leading to an expanding regional gap. Second, spatial distribution transitioned from an early dispersed pattern to a structure characterized by both agglomeration and differentiation. The promotional center gradually shifted toward the southeast, and high-value regions became increasingly isolated, forming island-like clusters. Third, spatial inequality was mainly driven by inter-regional differences, which contributed to over 70 percent of the total variance. The rising intra-regional disparity within the eastern region emerged as the predominant factor widening the national gap. These findings offer empirical evidence to support the refinement of new energy vehicle (NEV) policy frameworks and the promotion of balanced regional development.

Assessing the urban green transportation development level (UGTDL) is of great significance for addressing traffic issues in megacities and promoting urban sustainable development. An evaluation framework for the UGTDL is proposed based on Multi-Criteria Decision Analysis (MCDA) methods. Firstly, from both macro and micro perspectives, a comprehensive evaluation indicator system is constructed, covering multiple dimensions such as traffic spatial organization efficiency, green travel, new energy vehicle development, traffic safety, and the traffic environment. Secondly, to address the uncertainties and fuzziness in the evaluation process, the Probability Language Term Set (PLTS) is introduced to represent expert evaluation information, thereby reducing the information loss. Thirdly, the improved Step-wise Weight Assessment Ratio Analysis (SWARA) method is employed to calculate the weights of the indicators, improving the computational efficiency. Finally, the extended Combined Compromise Solution (CoCoSo) method is used to calculate the UGTDL, avoiding the compensatory issues in the traditional decision-making methods. The proposed approach is applied to assess the UGTDL in Guangzhou from 2020 to 2023. The results show that the UGTDL scores for Guangzhou from 2020 to 2023 are 1.6367, 2.2325, 2.1141, and 1.8575, respectively. Sensitivity analysis verifies the effectiveness and stability of the approach. Further obstacle analysis shows that the promotion of new energy vehicles (NEVs) has led to a marginal decrease in the utility of Guangzhou’s UGTDL. In the future, Guangzhou should take further measures to improve the traffic space organization efficiency and traffic safety.

The accurate prediction and interpretation of corporate Environmental, Social, and Governance (ESG) greenwashing behavior is crucial for enhancing information transparency and improving regulatory effectiveness. This paper addresses the limitations in hyperparameter optimization and interpretability of existing prediction models by introducing an optimized machine learning framework. The framework integrates an Improved Hunter-Prey Optimization (IHPO) algorithm, an eXtreme Gradient Boosting (XGBoost) model, and SHapley Additive exPlanations (SHAP) theory to predict and interpret corporate ESG greenwashing behavior. Initially, a comprehensive ESG greenwashing prediction dataset was developed through an extensive literature review and expert interviews. The IHPO algorithm was then employed to optimize the hyperparameters of the XGBoost model, forming an IHPO-XGBoost ensemble learning model for predicting corporate ESG greenwashing behavior. Finally, SHAP was used to interpret the model’s prediction outcomes. The results demonstrate that the IHPO-XGBoost model achieves outstanding performance in predicting corporate ESG greenwashing, with R², RMSE, MAE, and adjusted R² values of 0.9790, 0.1376, 0.1000, and 0.9785, respectively. Compared to traditional HPO-XGBoost models and XGBoost models combined with other optimization algorithms, the IHPO-XGBoost model exhibits superior overall performance. The interpretability analysis using SHAP theory highlights the key features influencing the prediction outcomes, revealing the specific contributions of feature interactions and the impacts of individual sample features. The findings provide valuable insights for regulators and investors to more effectively identify and assess potential corporate ESG greenwashing behavior, thereby enhancing regulatory efficiency and investment decision-making.

As an effective approach to mitigating urban environmental issues, New Energy Vehicles (NEVs) have become a focal point of research regarding their current development status and future prospects in China. Addressing the significant disparities in the development of the NEVs industry across different cities, this study focuses on ten typical Chinese cities and develops a novel multi-attribute decision-making (MADM) framework to evaluate the prospects of NEVs promotion in these cities. The study first establishes a comprehensive indicator system that covers key dimensions such as economy, policy support, infrastructure, technological innovation, and environment, encompassing five different types of evaluation information. This system incorporates five different types of evaluation information: exact numbers, interval numbers, triangular fuzzy numbers, hesitant fuzzy numbers, and probabilistic linguistic term sets (PLTS), enhancing the framework’s ability to handle diverse data types. Subsequently, the improved entropy (IEntropy) weight method is employed to determine the objective weights of the evaluation indicators. These objective weights are then integrated with the Vlsekriterijumska Optimizacija I Kompromisno Resenje (VIKOR) method, facilitating a structured group decision-making approach that synthesizes hybrid evaluation information. Based on modular thinking, hybrid evaluation information is synthesized to evaluate and rank the NEVs development prospects of each city. Sensitivity analysis and comparative analysis further demonstrate the robustness and reliability of the proposed MADM framework. The ranking results indicate that Shanghai and Guangzhou lead in NEVs promotion, while cities like Harbin and Zhengzhou lag behind. Based on these findings, the study proposes targeted policy recommendations to promote the sustainable development of the NEVs industry in major Chinese cities.

Assessing the new quality productive forces (NQPF) of new energy vehicle (NEV) companies is crucial for promoting the sustainable development of the NEV industry. This paper systematically evaluated and analyzed the NQPF of Chinese listed NEV companies from 2018 to 2022 using a novel multi-criteria decision analysis (MCDA) model. To address limitations in traditional MCDA models, such as unbalanced weight distribution, insufficient ranking differentiation, and incomplete identification of key influencing factors, this study introduced a new model, IDOCRIW-PROBID (integrated determination of objective criteria weights—preference ranking on the basis of ideal-average distance). First, an evaluation index system tailored to NEV companies’ NQPF was developed. Then, the IDOCRIW method was used to objectively assign weights to the indicators, enhancing the scientific rigor of the weight distribution. The PROBID method was employed to rank companies based on their NQPF, identifying differences between them. Additionally, an obstacle degree model was introduced to analyze key influencing factors, compensating for the traditional MCDA model’s limitations in this regard. The results showed, first, that the proposed IDOCRIW-PROBID model has a high degree of consistency with the classical Entropy-TOPSIS (technique for order of preference by similarity to ideal solution) model in terms of ranking the results (correlation coefficient = 0.91), and that IDOCRIW-PROBID offers higher differentiation compared to other MCDA models, validating its reliability and superiority. Second, during the study period, the development levels of NQPF in Chinese listed NEV companies varied significantly, with most companies at a low level of development and showing a downward trend, indicating that companies face considerable challenges in improving their NQPF. Third, the obstacle degree analysis revealed that R&D lease fees, R&D depreciation and amortization, and direct R&D investment were the primary factors hindering NQPF growth. This research provides theoretical support and decision-making insights for strategic optimization in NEV companies and informs government policy formulation.

Digital financial inclusion and common prosperity are pivotal elements in promoting the sustainable socioeconomic development of China. This study introduces a novel Multi-Criteria Decision Analysis (MCDA) method to evaluate the Common Prosperity Index (CPI). Using this index, alongside the Digital Financial Inclusion Index (DFII) released by Peking University, it examines the evolution of the coupling coordination relationship between digital financial inclusion and common prosperity within the Yangtze River Delta (YRD) urban agglomeration from 2011 to 2021. By integrating gravity models and social network analysis, in this paper, we thoroughly investigate the spatiotemporal evolution characteristics of the spatial network of this coupling coordination relationship. The results indicate that both the DFII and CPI generally exhibit an upward trend, but the decline in the coupling degree reflects a weakened interaction strength between them. Specifically, Anhui significantly lags behind Jiangsu, Zhejiang, and Shanghai in the development of digital financial inclusion and common prosperity, indicating regional development imbalances. Furthermore, the strength of spatial connections in city coupling coordination has significantly increased, with Nanjing’s siphon effect on cities in Anhui becoming markedly stronger, and the number of core cities in the network increasing, which demonstrates a geographical proximity feature in network development. Additionally, the overall network characteristics are transitioning towards higher density and “small-world” properties, suggesting a trend toward network stabilization. The disparity in centrality among cities has decreased, with an overall enhancement in centrality, where the spatial spillover effects from core areas such as Hangzhou-Ningbo, Nanjing-Changzhou, and Shanghai-Suzhou-Wuxi significantly promote the development of peripheral cities. Based on these findings, this paper proposes policy recommendations for the sustainable development of digital financial inclusion and common prosperity in the YRD region.